The global fertility market size is predicted to hit around US$ 45.40 billion by 2027, growing at a CAGR of 4.7% from 2021 to 2027.
In 2022, the fertility market study provides crucial information on market share, market size, growth rate analysis Y-O-Y, production, consumption, and sales analysis for the forecast period 2021 to 2027. The report contains 150+ pages with detailed analysis.
What is Fertility?
Fertility is the inherent capacity to produce offspring. The number of offspring born per mating pair, adult or population is the fertility rate. The lack of reproduction is infertility. Factors such as diet, sexual activity, consanguinity, history, biology, endocrinology, pacing, atmosphere, lifestyle, and emotions rely on human fertility. For the treatment of infertility, fertility services are given to the persons who are incapable to conceive baby naturally. These services make it possible to develop and build a family for not only for the LGBT communities but also for infertile couples and single parents as well.
What are the Growth Factors of Fertility Market?
Declining fertility rates worldwide is a major factor driving growth of the target industry. Infertility is a person’s failure to achieve therapeutic pregnancy. The fertility amount calculates the average number of children per mother. Fertility rates across the globe are regularly decreasing due to many reasons, for example the escalating pattern of late marriages and increasing age related infertility. Developed countries such as U.S. Russia, Canada, Italy, etc. are likely to have a lesser fertility rate owing to lifestyle adoptions. Higher education along with professional careers frequently means that females have kids late in lifespan. This can outcome in a demographic financial paradox. This falling fertility rate has led to a noteworthy increase in demand for fertility service in both males and females.
This is a major factor driving growth of the global fertility industry market. Rising number of fertility clinics worldwide, coupled with technological advancements across the globe, are factors expected to boost growth of the global market over the forecast period. Awareness among the people in the developed as well as emerging economies regarding infertility treatment is increasing at rapid pace. This has resulted into increased numbers of fertility treatment clinics worldwide, which is anticipated to boost growth of the global market. Changing life style across the globe has become a major cause behind infertility. According to the data published by National Center for Biotechnology Information (NCBI), over 15% of pairs are affected by fertility problems across the globe. Lifestyle factors are laying vital role in the development of infertility. Lifestyle aspects are the changeable practices and habits of life that can critically influence complete health and well-being, including fertility.
Report Scope of the Fertility Market
|Market Size||USD 45.40 Billion by 2027|
|Growth Rate||CAGR of 4.7% From 2021 to 2027|
|Historic Data||2017 to 2020|
|Forecast Period||2021 to 2027|
|Segments Covered||Offering, End user|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The fertility report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.
The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, North America conquered the global market with a market share of more than 35%. United States signified as the highest shareholding country in the North America region primarily due to growing number of campaigns initiated by government and non-profit health care organizations such as Fertility Matters to raise awareness of medications and fertility treatment in the country of the North America. Asia Pacific fertility industry market is estimated to grow at noteworthy rate of growth in the next 10 years. The China fertility industry market is anticipated to dominate in terms of revenue in the Asia Pacific region. Increasing the prevalence of obesity in the countries of the region is a main driver growth of the APAC. Nevertheless, use of fertility treatment options by single parents in this region is creating growth opportunities in the target market. Latin America and the African and Middle Eastern region will show perceptible growth over the forecast period owing to rise in the incidence of infertility in the countries including Brazil, Mexico, and GCC, of the regions.
The fertility market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.
Some of the prominent players in the fertility market include:
- Boston IVF Fertility Clinic
- INVO Bioscience
- San Diego Fertility Center
- FUJIFILM IRVINE SCIENTIFIC
- Carolinas Fertility Institute
- Progyny Inc.
- Cook Medical
- LifeGlobal Group (Cooper Surgical)
Key Market Developments:
- In year 2020,Invo Bioscience, Trading pvt ltd, and Medesole healthcare, leading players worldwide came in to an agreement in order to operate dedicated invocell fertility clinics in the India.
- In 2019, FUJIFILM Irvine Scientific a major player in the target industry introduced Vit Kit-NX for in vitro fertilization (IVF).
Major Market Segments Covered:
- Assisted Reproductive Technology
- Artificial Insemination
- Fertility Drugs
By End user
- Fertility Clinics
- Clinical Research Institutes
- North America (U.S. and Canada)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Find More Press Releases at https://www.globenewswire.com/en/search/organization/Precedence%2520Researchv
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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